Goldman Sees Oil At $100 By 2023
Goldman Sachs has forecast crude oil prices could hit $100 in 2023 as demand growth outpaces supply growth.
"There's insufficient supply in the face of strong demand," said Damien Courvalin, head of energy research at the investment bank, earlier today, as quoted by Bloomberg. "Oil prices have to be higher to overcome the higher cost of capital to fund projects."
Original Article Source Credits: Oil Price , https://oilprice.com/
Article Written By: Irina Slav
Original Article Posted on: Dec 17, 2021
Link to Original Article: https://oilprice.com/Energy/Oil-Prices/Goldman-Sees-Oil-At-100-By-2023.html